CLF
Cleveland-Cliffs Inc. Materials - Steel Investor Relations →
Cleveland-Cliffs Inc. (CLF) closed at $14.73 as of 2026-02-02, trading 1.9% below its 200-week moving average of $15.02. This places CLF in the below line zone. The stock moved further from the line this week, up from -8.9% last week. The 14-week RSI sits at 59, indicating neutral momentum.
Over the past 2715 weeks of data, CLF has crossed below its 200-week moving average 33 times. On average, these episodes lasted 35 weeks. Historically, investors who bought CLF at the start of these episodes saw an average one-year return of +16.5%.
With a market cap of $8.4 billion, CLF is a mid-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at -25.3%. The stock trades at 1.3x book value.
Over the past 33.2 years, a hypothetical investment of $100 in CLF would have grown to $606, compared to $2849 for the S&P 500. CLF has returned 5.6% annualized vs 10.6% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: CLF vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After CLF Crosses Below the Line?
Across 20 historical episodes, buying CLF when it crossed below its 200-week moving average produced an average return of +14.4% after 12 months (median +15.0%), compared to +17.6% for the S&P 500 over the same periods. 50% of those episodes were profitable after one year. After 24 months, the average return was +54.6% vs +38.8% for the index.
Each line shows $100 invested at the moment CLF crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
CLF has crossed below its 200-week MA 33 times with an average 1-year return of +16.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jul 1974 | Jan 1975 | 27 | 26.0% | +40.4% | +1539.4% |
| Oct 1977 | Nov 1977 | 2 | 4.2% | +7.4% | +1047.2% |
| Feb 1978 | Mar 1978 | 4 | 3.4% | +13.7% | +1005.0% |
| Oct 1978 | Jan 1979 | 14 | 9.0% | +9.4% | +910.9% |
| Feb 1979 | Feb 1979 | 1 | 1.6% | +23.7% | +888.7% |
| Feb 1979 | Mar 1979 | 1 | 1.4% | +16.2% | +884.4% |
| Apr 1979 | Jul 1979 | 10 | 6.4% | -4.4% | +901.9% |
| Oct 1979 | Oct 1979 | 1 | 0.3% | +4.1% | +831.5% |
| Mar 1980 | Jul 1980 | 18 | 13.7% | +25.1% | +827.7% |
| Aug 1980 | Sep 1980 | 1 | 0.3% | +10.4% | +839.3% |
| Dec 1981 | Aug 1987 | 296 | 65.6% | -43.3% | +787.5% |
| Oct 1987 | Feb 1988 | 20 | 38.8% | +68.5% | +1717.9% |
| Sep 1990 | Nov 1990 | 9 | 9.8% | +69.9% | +1111.7% |
| Aug 1998 | Jan 1999 | 19 | 7.4% | -13.8% | +335.7% |
| Jan 1999 | Apr 2002 | 168 | 56.3% | -25.6% | +315.5% |
| Jul 2002 | Aug 2002 | 3 | 7.9% | -18.6% | +561.7% |
| Oct 2002 | Jul 2003 | 42 | 29.9% | +56.2% | +729.0% |
| Oct 2008 | Oct 2009 | 53 | 64.1% | +19.7% | -40.4% |
| Oct 2009 | Nov 2009 | 2 | 5.1% | +84.9% | -50.2% |
| Sep 2011 | Oct 2011 | 2 | 10.9% | -21.1% | -66.0% |
| May 2012 | Feb 2017 | 248 | 92.8% | -55.9% | -69.2% |
| Feb 2017 | Jan 2018 | 44 | 41.2% | -21.4% | +53.7% |
| Jan 2018 | Feb 2018 | 2 | 9.0% | +63.5% | +140.1% |
| Mar 2018 | Mar 2018 | 1 | 1.8% | +40.7% | +133.9% |
| Sep 2019 | Sep 2019 | 1 | 1.1% | -5.7% | +110.7% |
| Sep 2019 | Oct 2019 | 5 | 6.4% | -14.3% | +114.6% |
| Nov 2019 | Nov 2019 | 1 | 4.4% | +21.1% | +109.9% |
| Jan 2020 | Oct 2020 | 41 | 59.4% | +141.2% | +96.9% |
| Sep 2022 | Oct 2022 | 2 | 2.3% | +9.0% | +11.0% |
| Oct 2022 | Nov 2022 | 2 | 5.5% | +19.3% | +9.5% |
| May 2023 | May 2023 | 3 | 3.7% | +17.9% | +0.3% |
| Aug 2023 | Oct 2023 | 11 | 8.3% | -10.3% | +0.3% |
| Apr 2024 | Ongoing | 93+ | 65.8% | Ongoing | -16.3% |
| Average | 35 | — | +16.5% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02